Prime Minister Narendra Modi shared a ride with Russian President Vladimir Putin on the way to their bilateral meet post the SCO summit in Tianjin, China. Following the meeting, the two leaders reiterated that close ties between India and Russia are significant for global peace, stability and prosperity. Furthermore, PM Modi confirmed Putin will be visiting India in December.
Curiously, US Secretary of State Marco Rubio in a post on X labelled Indo-US ties a “defining relationship of the 21st century” just before the Modi-Putin meet. The timing of the statement is being questioned following the bonhomie seen between PM Modi, Putin and China’s Xi Jinping even as all three nations try to find a way to deal with the huge tariffs imposed by US President Donald Trump.
Moreover, Jinping urged leaders at the SCO summit to leverage their “mega-scale market”, while Putin showed support for Xi’s ambition for a new global security and economic order that poses a challenge to the US.
At least 800 killed in Afghan earthquake
Shifting focus, tragedy struck Afghanistan after a 6.3 magnitude earthquake resulted in over 800 being killed and thousands more injured. This number might rise as rescue ops are underway with many areas difficult to access, health ministry spokesperson Sharafat Zaman said in a statement.
Sensex and Nifty snap 3-day losing streak, end higher
And in the Indian market today, the benchmark indices Sensex and Nifty ended higher on Monday, snapping a three-day losing run. The BSE Sensex closed a shade over 500 points, or 0.70%, to finish at 80,364.49, while the NSE Nifty jumped almost 200 points, or 0.81%, to settle at 24,625.05.
This after stronger-than-expected GDP data buoyed investor confidence, while investors also took some relief from a U.S. court ruling that deemed most of President Donald Trump’s tariffs illegal but kept them in place until mid-October.
The Nifty Auto index led the rally with a 2.7% gain, followed by consumer durables, which rose 2.2%. Nifty IT, metal, energy and oil & gas indices climbed over 1.3-1.6% each, while banks and financials posted moderate gains.
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